XRP, Ripple - false breakout has happened. What's next?Yesterday, the price made a false breakout oh key level 0.8883 and bounced from it. Now the best scenario for Ripple is building a local trendline with squeezing to it. If it happens, it will be a good pattern for a breakout.
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P.S. I personally will open entry if the price will show it according to my strategy.
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Rippleusd
XRP (RIPPLE) Long OpportunityLooks to be a symmetrical triangle breakout with a retest with a bullish wick happening now. Next step is to break the overall ascending triangle we are in and then we have possible price moves up to $2. On the off chance we move back into the symm. triangle we have the hottest VPVR support point that is just under that at $0.99, so I would look for the slightly bigger bullish wick and then we above the symm. triangle with support. We also have the bottom side of the bearish order block to look to as support as well since we have worked our way almost all the way through the bearish order block on the 1HR
XRP Long Opportunity:
Buy Targets $0.99-$1.06
Take Profit Targets: $1.43/$1.55/$1.88/$1.93
Stop DCA Targets: $0.94/ $0.88/ $0.85
For those of you who trade leverage/margin:
Leverage: 10x (20x if you want more risk)
Margin: 15%-25% in Position : 75%-85% Margin
4HR:
1HR - Projections:
Ripple price back to the drawing board, recovery to $1.6 begins Ripple seemed to hold above $1.2 amid the trading on Wednesday. Ripple had shown resilience for a few days as it controlled the correction from $0.71. Several tentative anchor zones had been established, including the confluence formed at $1.4 by the 50 Simple Moving Average (SMA), the 100 SMA on the four-hour chart.
The flash drop continued under $1.2 and $1 before finding support at $0.85. Note that the declines in April were halted at this level, allowing the bulls to take control, bolstering the cross-border transfer token into a trajectory to $0.76.
Ripple exhibits signs of recovery
The international money remittance token has bounced off support at $0.85 and currently trades at $1.07. Holding above $1 is key to nurturing a recovery mission. Moreover, bulls must step above $1.2 to validate the uptrend and revitalize speculation for gains back to $1.6.
According to the Relative Strength Index (RSI), recovery is expected to come into play. The trend strength indicator also identifies oversold and overbought conditions. With the RSI recoiling from levels slightly under 30, the bullish grip is getting tighter. Consequently, the movement toward the midline and the overbought area will suggest that bulls have the upper hand.
It is worth mentioning that the Moving Average Convergence Divergence (MACD) still has a bearish outlook. This indicator tracks the trend direction and measures its momentum. The MACD is helpful when identifying positions to buy the dip and sell the top.
For now, the signal is still bearish and calls for caution among investors. However, as soon as the MACD line (blue) begins to cross above the signal line, the recovery will be confirmed.
Ripple intraday levels
Spot rate: $1.1
Trend: Bullish
Volatility: High
Support: $1 and $0.85
Resistance: $1.2 and $1.4
To ALL my Ripple fansThis is not looking good for Ripple, if price breaks below that Triangle , we could see prices much lower here
We could see prices below 0.80
RSI level not even in extreme yet, so watch out here
Only a move above 1.7 will make my view change here
Bulls above 1.7, or next level to watch is 0.8
XRP to retest 1.70- 1.83 ATH RIPPLE Bull runXRP has made its way out of the volume box at 1.32-1.43 and turning upward.
- 80M at the volume looking for extra 15M added for the push to test APR ATH 1.83.
MA 9 acting as foundation for bullish outbreak
MA9/21 signaling bullish on 1HR/4HR/DAILY
May test 1.54 for impulse wick/ invalid under 1.48 as it will look to test volume zone again from that area.
ENTRY 1.59364
TP1: ATH 1.83 (1:7 ratio)
TP2: NEW ATH 2.37 (1:23 ratio)
XRP/USDTRipple has two Possible Scenarios :
The first and the more probable one is that $XRP has a strong resistance @ $1.70 and wasn't able to break that multiple times, This time the correction cycle will last longer due to the whole market situation.
Scenario 2: It can break the resistance and retest the ATH, which I don't think will happen.
Pay attention to Chaikin OSC which is a volume-based indicator & is about to cross zero lines and has an overall downward trend
Inflation is at the highest point and people's interest in investing in risky assets decreased(Even though most cryptos are deflationary), The other thing is we saw a major correction in the stock market(Due to bad economic situation), especially in small caps which they deliver higher risk/ reward ratios, like crypto.
This the analysis of A Private Trader and NOT A Licensed Professional & might be wrong. please do your own DD & Research.
Thanks for reading it.
RIPPLE:BREAKOUT AND RETEST BULLISH FLAG - LONG SETUP UPDATE 🔥🔥Welcome back Traders, Investors, and Community!
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Ripple (XRP) - 6h. At $1.4 the situation will become clearerThe XRP market responds quite well to BTC provocations. If we compare the drop in the price of XRP and BTC from May 10, we see the markets sank almost the same - by 25-30%. However, the interest in Ripple is now much higher than in BTC. This is evidenced by the rebound in the XRP price after each seller attack.
Yesterday's fall in the BTC market had little or no effect on the XRP price. This positive fact can highlight the strength of buyers and the greater likelihood of a continuation of the upward trend. However, for such a positive scenario in the XRP market , one condition is important - the price fixing above $1.6. As you can see in the chart, the price is now below this range and the intrigue in the XRP market is growing.
If we look at the daily timeframe , we see that the XRPUSD price has gone beyond the black trendline, within which buyers have been building their attack since the beginning of April:
Therefore, in order to rehabilitate buyers and confirm their strength, buyers need to gain a foothold above the mark of $1.6 the faster. On May 17, the daily candle closed in favor of buyers. Large volumes, which sellers tried to impose a struggle with, were confidently bought out by buyers with limit orders. However, the next 3 days of trading are as passive as possible. Such a market does not allow us to make a decision and makes us keep waiting.
Looking at the XRPBTC chart , you can see an important range where the price stopped:
The assumed local correction of the XRPBTC price and the continuation of the local downward trend in the BTC market will provoke a drop in the XRPUSDT price with the first target of $1.4. This mark is a local support for buyers. Having held this mark, buyers are likely to break through the mark of $1.6 and continue to rise to $2.5.
However, we are relying more on a deeper correction in the XRP price and the formation of a global triangle:
In this scenario, sellers will test the $ 1.2 mark and XRP price will continue to consolidate until mid-June.
To summarize, we want to note:
We will be ready to buy XRP either after the test $1.2 or after the breakout and consolidation above $1.6.
The mark of $1.4 is a local level that can be targeted for a short-term trade with a short stop.
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XRP lethargic trading draws closer to 130% liftoffRipple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6.
Ripple prepares for colossal price action to $3.5
The cross-border token exchanges hands at $1.52 after stability returned to the market. More importantly, XRP trades at the apex of a symmetrical triangle. This pattern has both a bearish and a bullish impulse.
Two trend lines form the symmetrical triangle, connecting sequential peaks and troughs. As the trend lines converge, the asset tends to consolidate. A breakout comes into the picture when the price strikes above the upper trend line. It is validated by an uptick in trading volume and has an exact target measured from the triangle’s highest to lowest points.
For instance, if Ripple breaks above the triangle’s upper trend on the four-hour chart, it could swing 130% north to trade a new all-time high of $3.5. Meanwhile, the Relative Strength Index (RSI) validates the gradual upward price action by extending its movement above the midline while closing the gap to the overbought region.
The Moving Average Convergence Divergence (MACD) shines a light on sideways trading, suggesting that it would last longer. The uptrend toward $2 will become apparent as soon as the price settles beyond the seller congestion zone at $1.6.
Ripple intraday levels
Spot rate: $1.52
Trend: Bullish
Volatility: Low
Support: $1.3 and $1.
Resistance: $1.6 and $2
Ripple- 2.5 is the technical targetThis correction for Bitcoin found Ripple consolidating, if we look at the bigger picture, and every new low for Btc had a higher low correspondent in ripples' case.
If we were to make an analogy with recent development in Eth price, we can expect a similar outcome...
In my opinion, with selling power lifted from BTC, a break of triangle's resistance is imminent and 2.5 is the technical target
1.2 si very strong support at this moment
XRP IS GOING TOWARDS DOUBLE DIGITS & THERE'S NOTHING YOU CAN DOXRP / USD TA
Ripple aka XRP is hitting double digits before you know it, and there's nothing you can do about it.
Lawsuit will be getting dismissed or settled shortly and just before the US exchanges open their doors to XRP investors, the price will be hiked up to new highs! Just watch... a lot is happening in coming weeks! and wait till you see what happens in the world within the next few month ;)
RIPPLE:BREAKOUT AND RETEST BULLISH FLAG - LONG SETUP 🔥🔥Welcome back Traders, Investors, and Community!
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💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
SL= Break below S2
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💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️